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MicroStrategy purchased 1,070 Bitcoins for $101 million, increasing its total holdings to 447,470 BTC. The company’s Bitcoin yield reached 74% in 2024.
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MicroStrategy announced on Monday that it acquired 1,070 Bitcoins for $101 million between December 30 and 31, 2024, increasing its total holdings to 447,470 BTC, worth approximately $44.3 billion at current market prices. did.
MicroStrategy acquired 1,070 BTC at approximately $94,004 per Bitcoin for approximately $101 million, resulting in a BTC yield of 48.0% in Q4 2024 and 74.3% in FY2024. As of January 5, 2025, it holds 447,470 BTC. $BTC It was acquired for approximately $27.97 billion at approximately $62,503 per Bitcoin. $MSTR https://t.co/CkLrLSkB5M
— Michael Saylor ⚡️ (@saylor) January 6, 2025
The Tysons, Virginia-based company funded the acquisition by selling 319,586 shares during the same period, according to recent SEC filings. This digital asset was acquired at an average price of $94,004 per BTC. MicroStrategy also reported that Bitcoin yield reached 74.3% in 2024, and the indicator reached 48% for the period from October 1st to December 31st.
The announcement comes after Michael Saylor, MicroStrategy’s co-founder and executive chairman, teased the acquisition on January 5 by referencing the contents of the company’s Saylor Tracker, the company’s Bitcoin acquisition monitoring tool. I was disappointed.
Something isn’t right about https://t.co/Bx3917zMqi. pic.twitter.com/vRTAH2xTCX
— Michael Saylor ⚡️ (@saylor) January 5, 2025
Last Friday, MicroStrategy announced plans to raise up to $2 billion through a public offering of perpetual preferred stock to strengthen its balance sheet and fund additional Bitcoin purchases. The offering is part of the company’s 21/21 Plan, which aims to raise $21 billion in equity and $21 billion in debt over three years.
On December 23, the company will increase its authorized Class A common stock from 330 million shares to 10.33 billion shares and its preferred stock from 5 million shares to more than 1 billion shares to increase flexibility for future stock issuances. We have filed an application with the SEC.
This acquisition marks MicroStrategy’s ninth consecutive Bitcoin acquisition since October 31, when the company first announced its 21/21 Plan. Saylor’s company has acquired 195,250 BTC since the plan’s inception, representing about 45% of its investment target. At current market prices, these holdings are worth $19.3 billion.
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